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Best Financial Advisors in Lowell

2024

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SmartAdvisor by SmartAsset

Lowell, MA
  • Estate Planning
  • Retirement Planning
  • Financial Planning
  • Investment Management

Why choose this provider?

SmartAsset's free, five-minute tool makes it easy to find qualified financial advisors in your area. The exclusive tool uses a quick survey to help SmartAsset's exclusive algorithm match you with up to three advisors based on your specific financial needs. Each advisor is a fiduciary, legally bound to work in your best interest, and rigorously vetted by SmartAsset. You can speak with each for free, sometimes within a matter of minutes, and choose whom you want to work with. Hundreds of thousands of smart investors and retirees have already used SmartAsset's simple, no-cost service to find the right financial advisors for them.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
4.0

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
3.8
Responsiveness
Friendliness
Helpfulness
Detail
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Price: Free Consultation

Lowell, MA

Why choose this provider?

Need help contacting a Financial Advisor in Lowell? Call our Concierge team at 848-Book-Pro (848-266-5776 from 6 am - 4 pm PT | Mon - Fri). They are standing by to help you get the service you need.

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail

Price: Free booking service | Call 848.Book.Pro!

Website
100 High Street, Suite 950, Boston, MA 02110
  • Estate Planning

Why choose this provider?

Established in 2012, Claro Advisors is an investment advisory firm serving Lowell. Its founder, Ryan Belanger, is a financial planner and Senior Wealth Advisor for the firm. He previously held the position of Vice President at Morgan Stanley, advising clients on wealth management. Claro Advisors offers an array of services, including 401K and 403B investments, investment management, and education, insurance, and retirement income planning. In addition, it oversees cash management plans and monitors budget expenditure.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
5.0
Google
5.0 / 5 (16)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail

Website
74 Bedford Street, Lexington, MA 02420
  • Certified Financial Planner (CFP)

Why choose this provider?

Orion Wealth Advisors is a financial planning company that serves clients in and around Lowell. It caters to impending retirees, retired seniors, and widows and widowers looking for financial stability. The company helps its clients find investment options that match their personal values, such as charities and hospitals. It also reviews their financial records to help them develop savings goals and family support funds. In addition, the company can review applicable benefits for each client, such as Social Security and 401(k) savings.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
5.0

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail

Website
75 State Street, Suite 100, Boston, MA 02109
  • Investment Management
  • Financial Planning

Why choose this provider?

Cohen Investment Advisors is a financial services company that caters to clients in Lowell. It creates financial plans for individuals and educates them on issues involving taxes. The company combines market data and clients' goals to provide customized recommendations. It also assists individuals through the process of real estate investing. The company has experience pooling funds from multiple investors to help acquire properties. Daniel Cohen, the company's chief investment officer, regularly writes articles for the New Hampshire Business Review.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
5.0

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail

Website
274 Main Street, Groton, MA 01450
  • Finance Planning

Why choose this provider?

The Practical Planner, LLC, is an independent financial planning and wealth management firm serving clients in Lowell. It creates comprehensive financial plans that include goal-setting sessions, advisory services, tax planning and preparation options, retirement planning, insurance advice, and estate planning. The firm also helps with customized investment strategies that meet the needs of each client, depending on their risk tolerance, tax situation, and investment needs. The Practical Planner was founded in 1999 by Patricia Konetzny, a Certified Financial Planner with over 20 years of experience.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
5.0
Google
5.0 / 5 (1)

Website
394 Lowell St, Suite 8, Lexington, MA 02420
  • Finance Planning

Why choose this provider?

Innovative Advisory Group is a wealth management and financial advisory company that serves individuals and their families in Lowell. Its advising process begins with gathering information regarding the client's current financial situation, from current investments to risk tolerance. Afterward, its staff uses this data to develop plans that utilize investment strategies like portfolio diversification and charitable donations. These plans are regularly reviewed and updated according to the client's current circumstances. Advisors Magazine featured Kirk Chisholm, the company's principal, in an article detailing intergenerational financial advising.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
5.0
Google
5.0 / 5 (1)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
2.5
Responsiveness
Friendliness
Helpfulness
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Detail
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Website
138 River Road, Suite 201, Andover, MA 01810
  • Retirement Planning
  • Financial Planning

Why choose this provider?

Boston Partners Financial Group, LLC, is based in Andover that offers services to individuals, business owners, and families in Lowell and nearby areas. It offers a wide variety of financial solutions, including investment, retirement, insurance, and business planning services. It has also partnered with another financial institution, Royal Alliance, to help clients pursue their financial goals. Boston Partners Financial Group, LLC, is an independent firm that has been in the business for two decades.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
5.0
Google
5.0 / 5 (1)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
3.8
Responsiveness
Friendliness
Helpfulness
Detail
––

Website
150A Andover Street Suite 10A, Danvers, MA 01923
  • Certified Financial Planner (CFP)
  • Financial Planning
  • Wealth Management

Why choose this provider?

Peabody Wealth Advisors works with individuals, families, businesses, and nonprofit organizations in Lowell to craft and implement a tailor-made financial plan and strategy. Among the services that the firm offers are investments management and insurance advisories. It also assists in Social Security, Medicaid, and education savings planning. The independent wealth management firm is a member of the Financial Industry Regulatory Authority and the Securities Investor Protection Corporation. It supports and gives back to local organizations, such as Chamber for Good, Citizens Inn, and the YMCA.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
4.7
Google
4.7 / 5 (3)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail

Website
382 Lowell Street Suite 204A, Wakefield, MA 01880
  • Retirement Planning
  • Financial Planning
  • Investment Advisor

Why choose this provider?

BG Financial Planning serves the needs of individual clients in and around Lowell. The company aims to help clients reach their financial objectives by offering comprehensive planning solutions which include an in-depth review of clients' finances, retirement planning, cash flow spending strategies, financial checkups, investment planning, and tax preparation. Its financial planners also assist clients by providing college funding advice, educational workshops, and financial seminars. Founding principal Ianka T. Rando is a Certified Financial Planner who has been in the financial services industry since 1997.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
5.0
Google
5.0 / 5 (1)

Website
160 Gould Street, Ste 310, Needham, MA 02494
  • Chartered Financial Analyst (CFA)

Why choose this provider?

Founded in 1994, The Bulfinch Group provides a wide range of financial services for individuals, families, and small businesses in Lowell and the surrounding areas. With ​financial advisors, wealth managers, insurance professionals, and business planners in the team, the company offers assistance in customizing retirement planning, estate planning, employee insurance, and corporate benefits solution. Founder Seth Medalie has CLU and CHFC designations. He is also a member of the Boston Society of Financial Services Professionals.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
4.4
Facebook
5.0 / 5 (12)
Google
4.0 / 5 (4)
Yelp
2.3 / 5 (3)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
3.8
Responsiveness
Friendliness
Helpfulness
Detail
––

Website
26 Essex Street, Andover, MA 01810
  • Financial Planning

Why choose this provider?

The Financial Advisors LLC serves the needs of clients in and around Lowell. With an emphasis on comprehensive financial planning, the firm provides a broad range of financial strategies to help individuals of various life stages achieve or maintain financial independence or security. Advisors take into consideration many facets of a client's wealth to establish a clear roadmap in planning for their future, including cash flow, investments, retirement, real estate, and tax. The firm was founded in 1992 and had four Certified Financial Planners on staff.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
4.0
Google
4.0 / 5 (4)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail

Website
1 Tech Drive, Andover, MA 01810

Why choose this provider?

Compass Financial Services Group Inc. offers a variety of services and products to help Lowell residents achieve wealth. Its advisors assist in creating employee retirement, pension, profit-sharing, college education, and estate plans. They offer advice on putting finances in order, investing money to gain profit, saving money to buy homes, starting businesses, and accumulating retirement income. In addition, they offer life insurance and annuities. Owner Michael Segreve, with over 30 years of experience, holds several certifications, including Chartered Financial Consultant.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
5.0
Google
5.0 / 5 (5)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail

Website
450 Bedford Street, Lexington, MA 02420
  • Certified Financial Planner (CFP)
  • Financial Planning

Why choose this provider?

Wingate Wealth Advisors is an independent financial planning firm that serves clients in Lowell. It assists individuals and families in achieving financial independence through financial planning, investment management, and retirement planning. The firm works with tax preparers, attorneys, and other financial professionals, to align investment strategies with the economic conditions, needs, and goals of clients. Wingate Wealth Advisors combines financial planning and investment technology to help clients in making informed financial decisions. The firm has 35 years of industry experience.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
4.8
Google
4.8 / 5 (4)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail

Website
131 Slough Rd, Harvard, MA 01451
  • Certified Financial Planner (CFP)
  • Financial Planning
  • Wealth Management

Why choose this provider?

Morton Financial Advice is a fiduciary firm that offers financial planning and wealth management services to clients in Lowell. It serves entrepreneurs and tech professionals, guiding them on how to invest, reduce taxes, and pursue flexibility in achieving their financial objectives. Mike Morton educates clients about managing their cash flow through income budgeting and saving. He reviews insurance and assists in planning for retirement and college education. Morton is a Chartered Financial Consultant and Certified Financial Planner.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
5.0
Google
5.0 / 5 (9)
Facebook
5.0 / 5 (6)

Website
284 Ayer Road, Harvard, MA 01451
  • Estate Planning
  • Tax Planning
  • Tax Preparation
  • Retirement Planning

Why choose this provider?

Alexander Advisors serves individuals, families, and businesses in Lowell and the surrounding communities. It helps clients in achieving financial independence using its industry experience and professional credentials. It has adopted a financial planning approach that considers clients' tax, estate, and investment plans. Founder David Alexander has been providing wealth management, tax, and business consulting services for almost 30 years. He is a member of the Massachusetts Society of Certified Public Accountants and the American Institute of Certified Public Accountants.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
4.2
Google
4.2 / 5 (10)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail

Frequently Asked Questions

  • Introduction

    There are many titles for financial professionals, so it's challenging to track what each one means. A financial advisor is probably the term you've heard most often. Financial advisor is a broad term for a professional who helps individuals or companies manage their finances, including investment choices. There are over 100 certifications that financial advisors can obtain.

    • Financial planners, wealth managers, and investment advisors are all financial advisors with different focus areas.
    • A financial planner helps an individual or a company make a plan to achieve long-term financial goals.
    • A wealth manager helps individuals maintain their wealth through various disciplines and services, such as taxes, estate planning, and investment advice.
    • An investment advisor offers investment advice and recommendations to individuals or organizations.
    There’s a misconception that you have to be extremely wealthy to use a financial advisor. In reality, they can be beneficial for people from any income level. Keep reading to find answers to the most commonly asked questions about financial advisors, so you know which type can fit your specific needs.

  • Is it safe to play stock trader in Lowell using a mobile application like Robinhood and similar variants?

    It can be unsafe in Lowell to play stock trader using applications such as Robinhood and similar alternatives. These pieces of software barely educate traders on how to mitigate risk and maximize profitability. Given the limited information offered, trades resemble gambling more than informed choices at times. The platform is formatted to encourage rampant speculation and not measured decision-making.

  • Are market downturns in Lowell a sign to stop investing and cut losses?

    No, market downturns in Lowell are not a sign to stop investing and cut losses. If anything, it is a good time to buy stock at a cheap price from companies that have solid fundamentals and are likely to recover. The overall trend of the economy is to recover, and patience is usually rewarded when investing.

  • Is it safe in Lowell to have two months' worth of expenses in an emergency fund?

    In Lowell, two months' worth of expenses is a good start for an emergency fund but needs augmentation. Ideally, a person should have three months at least saved up for contingencies, maxing out at no more than six. Any excess beyond half a year has to be saved or reinvested elsewhere depending on the financial advisor's advice.

  • When does an investor in Lowell generally pay taxes for retirement funds?

    As a general rule in Lowell, retirement funds are allowed to grow tax-free until the proceeds are withdrawn. Nothing is deducted annually based on how much the fund has grown, but once the retiree takes cash from the pool, the corresponding proportional value of the gain will be subjected to an income tax on the appreciation of the asset.

  • Is it usually preferable to own a home in Lowell instead of renting one out?

    Owning a home in Lowell has its upsides, but it is not necessarily better than renting. Renters have the advantage of lower costs because mortgage payments add up over the years. Leases also let people move more freely because there is no need to stick with a property that's only rented. The sacrifice is the lack of ownership, but for some, that is not a necessity.

  • Are financial advisors worth it?

    Whether or not a financial advisor is worth it depends on your personal situation. If your finances are fairly straightforward, then you may be better off handling it on your own. But if you have substantial assets or a complex investment portfolio, then hiring someone to handle it for you can be well worth the cost.